Cy4Data Labs Raises $10 Million in Funding Led by Pelion Venture Partners: A Major Boost for Innovation
In an exciting development in the field of cybersecurity, Cy4Data Labs has successfully raised $10 million in its inaugural funding round. This funding is set to revolutionize the way data is protected, particularly during active use, addressing a critical need in today’s digital landscape.
Funding Details and Future Plans
The funding round was spearheaded by Pelion Venture Partners, a well-respected venture capital firm specializing in technology investments. The investment will be directed towards enhancing Cy4Data Labs’ sales and marketing efforts, enabling the company to expand its reach and bring its innovative solutions to a broader audience.
Innovative Approach to Data Protection
Cy4Data Labs is redefining data security with its groundbreaking technology that keeps information encrypted at all times. This includes:
- Data at rest
- Data in transit
- Data in active use
This unique approach minimizes exposure risks, thwarts insider threats, and ensures that even stolen data remains unusable to unauthorized users. Moreover, their solution seamlessly integrates into existing IT systems, maintaining performance and accessibility.
Goals and Market Impact
With the newly secured funds, Cy4Data Labs aims to:
- Enhance its go-to-market strategy.
- Accelerate customer acquisition.
- Increase adoption of its solutions amidst evolving cyber threats.
The company boasts a roster of Fortune 100 clients and has already begun generating revenue through its production-ready offerings. This funding is expected to expedite the adoption of its technology as the landscape of cyber threats evolves, particularly in relation to advancements in AI, quantum computing, and cyber warfare.
Setting New Standards in Cybersecurity
Cy4Data Labs prides itself on being one of the first companies to offer protection for data in active use across any database or SaaS platform, thereby establishing new benchmarks in cybersecurity standards. The company is set to showcase its innovative technology at the RSA Conference 2025, inviting organizations to experience its capabilities firsthand.
Executive Insights
Lance Smith, CEO and co-founder of Cy4Data Labs, expressed his enthusiasm: “We’re not just protecting data—we’re changing the rules of how it can be used securely. This funding allows us to accelerate our go-to-market efforts and get our technology into the hands of organizations that desperately need it.”
Blake Modersitzki, managing partner at Pelion Venture Partners, added, “We believe Cy4Data Labs is addressing one of the most urgent problems in cybersecurity. Their innovative approach strikes a perfect balance between performance and protection, making this investment a thrilling opportunity for us.”
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